Stock Analysis
GreenPower Motor Full Year 2024 Earnings: Misses Expectations
GreenPower Motor (CVE:GPV) Full Year 2024 Results
Key Financial Results
- Revenue: US$39.3m (down 1.1% from FY 2023).
- Net loss: US$18.3m (loss widened by 22% from FY 2023).
- US$0.73 loss per share (further deteriorated from US$0.64 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
GreenPower Motor Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 6.0%. Earnings per share (EPS) also missed analyst estimates by 17%.
Looking ahead, revenue is forecast to grow 56% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the Machinery industry in Canada.
Performance of the Canadian Machinery industry.
The company's shares are down 2.0% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for GreenPower Motor that you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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About TSXV:GPV
GreenPower Motor
Designs, manufactures, and distributes electric vehicles for commercial markets in the United States and Canada.